SBI sees bad loans at banks increasing on slower growth

Wednesday, March 1, 2017, 10:00 AM

According to the head of SBI, India’s weaker economic growth will lead to more bad loans, even after an audit of lenders’ books pushed stressed assets in the South Asian nation to the highest among major economies. India’s economy will grow 7.1% in the year through March, the slowest pace in three years, the government forecast on Tuesday.